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SBI Mutual Fund launched Magnum SIF for investors seeking hybrid long-short strategies.
The fund closes on October 15 this year. (Representative Image)
Those looking for advanced investment options now have a new choice as SBI Mutual Fund launched its Magnum SIF on October 1 this year. The fund, part of a new investment category called Specialised Investment Fund (SIF) introduced by SEBI in April 2025, aims to bridge the gap between mutual funds and Portfolio Management Services (PMS).
The fund has attracted attention because it allows investors to potentially earn returns even during market downturns. With a minimum investment of Rs 10 lakh, it is designed for high-value investors seeking tax-efficient, hybrid strategies that mix equity, debt, and derivatives.
It is important to keep in mind that the subscriptions opened on October 1 and will close on October 15, making the offer period short and time-sensitive.
Fund Strategy Explained
Magnum SIF follows a hybrid long-short investment strategy. About 65 to 75 per cent of the fund is invested in stocks, including hedged positions through instruments like index futures, stock futures, options, covered calls, and protective puts. Between 0 to 25 per cent of the equity portion is unhedged, which includes short derivatives.
Debt and money market instruments make up 25 to 35 per cent of the portfolio, while REITs and InvITs can account for up to 10 per cent. The strategy aims to generate regular income via derivatives while also pursuing long-term capital growth through unhedged equity.
Subscription and Redemption Details
Investors can subscribe to Magnum SIF daily, and redemptions are allowed twice a week, on Mondays and Thursdays. The minimum application is Rs 10 lakh, with additional purchases starting at Rs 10,000.
Redemptions require a minimum of Rs 1 lakh. The fund’s benchmark is the NIFTY 50 Hybrid Composite Debt 50:50 Index TRI, which will track its performance.
SBI Mutual Fund Shares Its Perspective
As per Moneycontrol, Nand Kishore, MD & CEO of SBI Funds Management, called the launch a “strategic evolution,” highlighting the fund’s potential to deliver value across market cycles.
Meanwhile, Deputy MD D P Singh said Magnum SIF acts as a bridge between mutual funds and PMS, offering investors innovative, differentiated strategies. The fund is managed by Gaurav Mehta, CFA, Head – SIF, Equity, who has been leading the equity strategy for Magnum SIF since July this year, as per reports.
This launch marks SBI Mutual Fund’s effort to expand its offerings and provide investors with a mix of income, risk management, and long-term growth opportunities.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
Delhi, India, India
October 10, 2025, 11:26 IST
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